Tuesday, November 21, 2006

Co-Op follows Abbey in offering 5x income multiples

Co-op offers five times mortgages

The Co-operative Bank has become the latest mortgage lender to offer loans that are calculated at up to five times a customer's income. At the beginning of November the Abbey, the country's second largest lender, attracted widespread attention for a similar deal. The Co-op said it was stretching its lending criteria so borrowers could keep up with rising house prices. It said the offer was aimed at people with stable jobs and incomes.

Posted by jellycaster @ 05:50 PM (458 views)
Please complete the required fields.



One thought on “Co-Op follows Abbey in offering 5x income multiples

  • more to the truth is lenders will make more money with a longer mortgage term

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>